Bulgaria's Fibank has secured 130 mln euros to prop up capital

First Investment Bank AD

26/07/2019 18:26

SOFIA, July 26 (Reuters) - Bulgaria's fourth largest lender
First Investment Bank  5F4.BB  said on Friday it had already
secured 130 million euros to prop up its capital after the
European Central Bank found a 269.2 million euro shortfall.
    The ECB carried out a comprehensive assessment on six
Bulgarian banks and found capital shortfalls at First Investment
Bank and another small bank that it would now help supervise, a
preliminary step in Sofia's efforts to join the euro zone.
    Fibank said in a statement it would address the 133 million
euros with its profit, by de-risking of its credit portfolio and
other measures.   

 (Reporting by Tsvetelia Tsolova; Editing by Kirsten Donovan)
 ((tsvetelia.tsolova@thomsonreuters.com; +359-2-93-99-731;))